Anyone spotting an uncanny resemblance between this set of waves and 1995/2000's? After a strong bullish cycle between 1995 and 1998 following the Kobe earthquake, UJ corrected in a ABC fashion. B wave was completed in preparation to the 1999 FED tightening cycle. Today? 2012-2015 1-2-3-4-5, A completed amidst poor ...

OPEC deal is lots of brouhaha, but details do not justify a sustainable move to $60 for three reasons: 1) latest production level for OPEC countries came at 34.19 bpd, cutting 1.2mn bpd as agreed would simply bring production back to August levels, when the price was at or below $50; 2) commitment of non-OPEC ...

Still bearish on this pair, idea predicated on daily divergence across many oscillators (from CCI to Stoch), convergence of strong resistances around 114.8/115.5/116, and on long term view that USD multi-year rally has run its course. However, this morning's rebound off the trendline confirms the resilience of the ...

Stoch, Commodity Channel, Momentum and MACD indicators are all showing increasing divergence. I also see strong LT trendlines/resistance here. I am not entering a short position as of yet, but looking for a bullish signal reversed pattern tomorrow. If materialized, pullback might be deep.

Looks like a bearish gartley pattern is building up, D point is around 113.3/113.4. Also, on the 1D chart I am focusing on an evening star + engulfing pattern started on Friday. 111.36 remains main support, if broken I would place TP1 @110.5 and play an even deeper correction into next week (109 and even 107.5 if ...